Last I checked, you could get 5% interest on your USDC. Is that just something w... | Hacker News

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		lowkeyoptimist on Nov 21, 2023 \| parent \| context \| favorite \| on: SEC charges Kraken for operating as an unregistere... Last I checked, you could get 5% interest on your USDC. Is that just something where the exchange is lending it out?

landemva on Nov 21, 2023 [–]

It is not the code of the USDC stablecoin paying 5%, so that reward is something else. Maybe the exchange wants to get many people sending coin to them so their asset base looks big for ... some purpose?

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